<p>在過去三個月中，SEEK（ASX:SEK）的股價下跌了 11%，這使得人們很容易忽視它。但如果你仔細觀察，你會發現它的關鍵財務指標看起來相當不錯，這可能意味着考慮到市場通常會獎勵更具韌性的長期基本面，該股票在長期內有潛在的上漲空間。特別是，今天我們將關注 SEEK 的股本回報率（ROE）。</p>
<p>股本回報率（ROE）是衡量公司如何有效地增長其價值和管理投資者資金的指標。換句話説，它是一個盈利能力比率，衡量公司股東提供的資本的回報率。</p>
<p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
<h2>如何計算股本回報率？</h2>
<p><strong>股本回報率可以通過以下公式計算：</strong></p>
<p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
<p>因此，根據上述公式，SEEK 的 ROE 為：</p>
<p>8.8% = AU$239m ÷ AU$2.7b（基於截至 2025 年 6 月的過去十二個月）。</p>
<p>“回報” 是指過去十二個月的税後收益。這意味着對於每 1 澳元的股東投資，公司產生了 0.09 澳元的利潤。</p>
<p>查看我們對 SEEK 的最新分析</p>
<h2>為什麼 ROE 對盈利增長重要？</h2>
<p>到目前為止，我們瞭解到 ROE 衡量公司產生利潤的效率。根據公司再投資或 “保留” 這些利潤的多少，以及其效率如何，我們能夠評估公司的盈利增長潛力。一般來説，在其他條件相同的情況下，具有高股本回報率和利潤保留的公司，其增長率高於不具備這些特徵的公司。</p>
<h2>SEEK 的盈利增長和 8.8% 的 ROE</h2>
<p>從表面上看，SEEK 的 ROE 並不算突出。然而，深入研究表明，該公司的 ROE 與行業平均水平 9.6% 相似。儘管如此，SEEK 的淨收入增長相當可觀，增長率為 18%。考慮到 ROE 略低，可能還有其他因素推動了這一增長。例如，該公司有較低的派息比率或管理效率較高。</p>
<p>作為下一步，我們將 SEEK 的淨收入增長與行業進行了比較，發現該公司的增長數字與同期行業平均增長率 22% 相似。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/21922191-past-earnings-growth-1-dark-2/1764111004961?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/21922191-past-earnings-growth-1-dark-2/1764111004961"/></p>
<p>ASX:SEK 過去的盈利增長 2025 年 11 月 25 日</p>
<p>盈利增長是評估股票價值時需要考慮的重要指標。投資者接下來需要確定的是，預期的盈利增長或缺乏盈利增長是否已經反映在股價中。這有助於他們判斷該股票的未來是光明還是黯淡。今天 SEK 的價值是多少？我們免費研究報告中的內在價值信息圖幫助可視化 SEK 是否被市場錯誤定價。</p>
<h2>SEEK 是否有效利用其留存收益？</h2>
<p>SEEK 的三年中位派息比率為 69%，這意味着它只有 31% 的資金可以再投資於業務。這表明，儘管將大部分利潤返還給股東，該公司仍能夠實現可觀的盈利增長。</p>
<p>此外，SEEK 已經連續支付股息至少十年。這表明該公司致力於與股東分享利潤。根據當前分析師共識數據，我們可以看到該公司的未來派息比率預計將在未來三年內上升至 86%。儘管如此，預計 SEEK 的未來 ROE 仍將上升至 12%，儘管派息比率預計會增加。可能還有其他因素推動未來 ROE 的增長。</p>
<h2>總結</h2>
<p>總體而言，我們認為 SEEK 確實有一些積極因素值得考慮。即其高盈利增長。然而，我們也認為，如果公司能再投資更多的盈利並減少派息，盈利增長數字可能會更高。儘管如此，預計公司的盈利增長將放緩，正如當前分析師的預測所示。要了解更多關於公司未來盈利增長預測的信息，請查看這份 <strong>免費</strong> 的分析師預測報告。</p>

<p>SEEK Limited 的股票在過去三個月中下跌了 11%，但其財務指標，特別是股本回報率（ROE），顯示出潛在的長期增長。該公司的 ROE 為 8.8%，接近行業平均水平，淨收入增長為 18%。儘管派息比率較高，SEEK 仍保持了良好的盈利增長，並且已經連續十多年支付股息。即使在提高派息比率的情況下，未來的 ROE 預計將上升至 12%。分析師預測盈利增長將放緩</p>

<p>With its stock down 11% over the past three months, it is easy to disregard SEEK (ASX:SEK). But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Particularly, we will be paying attention to SEEK's ROE today.</p>
<div class="lb-trans"><p>在過去三個月中，SEEK（ASX:SEK）的股價下跌了 11%，這使得人們很容易忽視它。但如果你仔細觀察，你會發現它的關鍵財務指標看起來相當不錯，這可能意味着考慮到市場通常會獎勵更具韌性的長期基本面，該股票在長期內有潛在的上漲空間。特別是，今天我們將關注 SEEK 的股本回報率（ROE）。</p>
</div><p>Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.</p>
<div class="lb-trans"><p>股本回報率（ROE）是衡量公司如何有效地增長其價值和管理投資者資金的指標。換句話説，它是一個盈利能力比率，衡量公司股東提供的資本的回報率。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
</div><h2>How Do You Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何計算股本回報率？</h2>
</div><p><strong>Return on equity can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>股本回報率可以通過以下公式計算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
</div><p>So, based on the above formula, the ROE for SEEK is:</p>
<div class="lb-trans"><p>因此，根據上述公式，SEEK 的 ROE 為：</p>
</div><p>8.8% = AU$239m ÷ AU$2.7b (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>8.8% = AU$239m ÷ AU$2.7b（基於截至 2025 年 6 月的過去十二個月）。</p>
</div><p>The 'return' is the amount earned after tax over the last twelve months. So, this means that for every A$1 of its shareholder's investments, the company generates a profit of A$0.09.</p>
<div class="lb-trans"><p>“回報” 是指過去十二個月的税後收益。這意味着對於每 1 澳元的股東投資，公司產生了 0.09 澳元的利潤。</p>
</div><p>Check out our latest analysis for SEEK</p>
<div class="lb-trans"><p>查看我們對 SEEK 的最新分析</p>
</div><h2>Why Is ROE Important For Earnings Growth?</h2>
<div class="lb-trans"><h2>為什麼 ROE 對盈利增長重要？</h2>
</div><p>Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or &#34;retains&#34;, and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.</p>
<div class="lb-trans"><p>到目前為止，我們瞭解到 ROE 衡量公司產生利潤的效率。根據公司再投資或 “保留” 這些利潤的多少，以及其效率如何，我們能夠評估公司的盈利增長潛力。一般來説，在其他條件相同的情況下，具有高股本回報率和利潤保留的公司，其增長率高於不具備這些特徵的公司。</p>
</div><h2>SEEK's Earnings Growth And 8.8% ROE</h2>
<div class="lb-trans"><h2>SEEK 的盈利增長和 8.8% 的 ROE</h2>
</div><p>On the face of it, SEEK's ROE is not much to talk about. Yet, a closer study shows that the company's ROE is similar to the industry average of 9.6%. Even so, SEEK has shown a fairly decent growth in its net income which grew at a rate of 18%. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. For instance, the company has a low payout ratio or is being managed efficiently.</p>
<div class="lb-trans"><p>從表面上看，SEEK 的 ROE 並不算突出。然而，深入研究表明，該公司的 ROE 與行業平均水平 9.6% 相似。儘管如此，SEEK 的淨收入增長相當可觀，增長率為 18%。考慮到 ROE 略低，可能還有其他因素推動了這一增長。例如，該公司有較低的派息比率或管理效率較高。</p>
</div><p>As a next step, we compared SEEK's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 22% in the same period.</p>
<div class="lb-trans"><p>作為下一步，我們將 SEEK 的淨收入增長與行業進行了比較，發現該公司的增長數字與同期行業平均增長率 22% 相似。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/21922191-past-earnings-growth-1-dark-2/1764111004961" alt="" original-src="https://images.simplywall.st/asset/chart/21922191-past-earnings-growth-1-dark-2/1764111004961"/></p>
<p>ASX:SEK Past Earnings Growth November 25th 2025</p>
<div class="lb-trans"><p>ASX:SEK 過去的盈利增長 2025 年 11 月 25 日</p>
</div><p>Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. What is SEK worth today? The intrinsic value infographic in our free research report helps visualize whether SEK is currently mispriced by the market.</p>
<div class="lb-trans"><p>盈利增長是評估股票價值時需要考慮的重要指標。投資者接下來需要確定的是，預期的盈利增長或缺乏盈利增長是否已經反映在股價中。這有助於他們判斷該股票的未來是光明還是黯淡。今天 SEK 的價值是多少？我們免費研究報告中的內在價值信息圖幫助可視化 SEK 是否被市場錯誤定價。</p>
</div><h2>Is SEEK Using Its Retained Earnings Effectively?</h2>
<div class="lb-trans"><h2>SEEK 是否有效利用其留存收益？</h2>
</div><p>SEEK has a significant three-year median payout ratio of 69%, meaning that it is left with only 31% to reinvest into its business. This implies that the company has been able to achieve decent earnings growth despite returning most of its profits to shareholders.</p>
<div class="lb-trans"><p>SEEK 的三年中位派息比率為 69%，這意味着它只有 31% 的資金可以再投資於業務。這表明，儘管將大部分利潤返還給股東，該公司仍能夠實現可觀的盈利增長。</p>
</div><p>Besides, SEEK has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 86% over the next three years. Regardless, the future ROE for SEEK is speculated to rise to 12% despite the anticipated increase in the payout ratio. There could probably be other factors that could be driving the future growth in the ROE.</p>
<div class="lb-trans"><p>此外，SEEK 已經連續支付股息至少十年。這表明該公司致力於與股東分享利潤。根據當前分析師共識數據，我們可以看到該公司的未來派息比率預計將在未來三年內上升至 86%。儘管如此，預計 SEEK 的未來 ROE 仍將上升至 12%，儘管派息比率預計會增加。可能還有其他因素推動未來 ROE 的增長。</p>
</div><h2>Summary</h2>
<div class="lb-trans"><h2>總結</h2>
</div><p>Overall, we feel that SEEK certainly does have some positive factors to consider. Namely, its high earnings growth. We do however feel that the earnings growth number could have been even higher, had the company been reinvesting more of its earnings and paid out less dividends. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the company's future earnings growth forecasts take a look at this <strong>free</strong> report on analyst forecasts for the company to find out more.</p>
<div class="lb-trans"><p>總體而言，我們認為 SEEK 確實有一些積極因素值得考慮。即其高盈利增長。然而，我們也認為，如果公司能再投資更多的盈利並減少派息，盈利增長數字可能會更高。儘管如此，預計公司的盈利增長將放緩，正如當前分析師的預測所示。要了解更多關於公司未來盈利增長預測的信息，請查看這份 <strong>免費</strong> 的分析師預測報告。</p>
</div>

SEEK Limited（ASX:SEK）的股票近期表現疲軟，但其財務前景看起來不錯：市場是否判斷失誤？